Real Estate
Infrastructure Contribution to Municipality
Paying a mandatory infrastructure levy to the municipality as a condition of the building permit.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Construction in Progress (CIP) | Asset (+) | 30,000.00 | - |
| Cash / Bank | Asset (-) | - | 30,000.00 |
💡 Accountant's Note
Mandatory government contributions required to develop a plot (road access, utilities connection) are directly attributable to the project and must be capitalized into CIP.
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